Mortgage brokers

Gam2015

My current BTL is up for renewal on 1st of April, I am hoping to remortgage and release equity isit best to stick with current provider or use a mortgage advisor? If so how much do they charge generally. Thanks

ACG

If you stick with your current lender, you are stuck with what they will offer you.
If you use a broker, you have many more options.

Broker fees will vary, some will charge nothing, others will charge upwards of a grand. Most will fall somewhere in between. Personally, my fees for BTLs went up in September when the market seemed to implode and just become a nightmare.

YHM

I would suspect that the fee charged by a broker would be recovered in the way of interest savings by reviewing the market, as opposed to just sticking with what your existing lender will offer you.